Cisco has agreed to acquire ParStream, a privately-held company based in Cologne, Germany that provides an analytics database that allows companies to analyze large amounts of data and store it in near real time anywhere in the network. Financial terms were not disclosed.
Cisco said ParStream’s highly specialized database is especially useful for IoT applications that generate large amounts of data at the edge that needs to be processed in real time, with minimal infrastructure. ParStream uses compression and indexing to help customers access data faster and at scale, rapidly analyzing and filtering billions of records and getting information to the business in near real-time. ParStream will be integrated into Cisco’s Analytics and Automation portfolio.
ParStream was part of the Cisco Entrepreneurs in Residence start up program.
